Adecco USA Job Market Update -- July 2015 Report
17
• Job Market Update U.S. Economic Data Reflective of the Bureau of Labor Statistics “The Employment Situation – June 2015” As of July 2015
-
Upload
adecco-staffing-usa -
Category
Documents
-
view
205 -
download
1
Transcript of Adecco USA Job Market Update -- July 2015 Report
•
Job Market UpdateU.S. Economic Data
Reflective of the Bureau of Labor Statistics “The Employment Situation – June 2015”
As of July 2015
•
Overview of “The Employment Situation”
• The June report showed an overall monthly gain of 223,000 jobs – exceeding the average monthly numbers of the past year
• The unemployment rate decreased by 0.2% to 5.3%
• Revisions to prior months:- The April number was revised from +221,000 to
+187,000
- The May number was revised from +280,000 to +254,000
- That’s a total of 60,000 fewer jobs than was previously reported
2
•
223,000 new jobs added in June
3
* Numbers are seasonally adjusted. Source: BLS
•
Employment in June
• Total nonfarm payroll employment increased by 223,000 jobs in June, which is below the 12-month average of 250,000
- Unemployment dropped to 5.3%, the lowest since April 2008
- The number of long-term unemployed persons dropped 381,000 to 2.1 million in June. These individuals accounted for 25.8% of all unemployed persons
- Over the year, the number of long-term unemployed has declined by 955,000
• Discouraged workers in June was 653,000 – virtually unchanged from the year before
4
JOBS GAINED IN JUNE
UNEMPLOYMENT RATE
223,000
5.3%
•
June’s private job creation statistics
• United States private sector jobs increased during June, generating over 222,000 jobs
- Highest increase in employment seen within professional and business services, leisure and hospitality, and education and health services
5
Source: BLS
•
Industry Breakdown
6
Source: BLS
•
Industry Breakdown
7
•
Employment in total nonfarm
8
* Numbers are seasonally adjusted in thousands. Source: BLS, Current Employment Statistics Survey, May 2015
•
State & Regional Unemployment – May 2015
• State and Regional unemployment rates were little changed in May25 states reported an increase in unemployment from the prior month, while only 9
reported decreasesOver the year, 45 states have reported decreases, and only 5 have reported
increases
• In May, the Midwest had the lowest regional unemployment rate at 5.1%, and the West had the highest unemployment rate at 5.8%
• Nebraska reported the lowest unemployment rate, at 2.6%, while West Virginia showed the highest monthly rate of 7.2%
• 3 states — North Carolina, Oklahoma and South Dakota — reported significant over-the-month unemployment increases
• Indiana, Connecticut and Washington reported significant declines in unemployment for the month of May
9
Metropolitan employment data from previous month. Source: BLS
•
Mid-Atlantic Region – May 2015
10
State and regional employment data from previous month. Source: BLS
•
Midwest Region – May 2015
11
State and regional employment data from previous month. Source: BLS
•
Mountain-Plains Region – May 2015
12
State and regional employment data from previous month. Source: BLS
•
New England Region – May 2015
13
State and regional employment data from previous month. Source: BLS
•
New York, New Jersey Region – May 2015
14
State and regional employment data from previous month. Source: BLS
•
Southeast Region – May 2015
15
State and regional employment data from previous month. Source: BLS
•
Southwest Region – May 2015
16
State and regional employment data from previous month. Source: BLS
•
West Region – May 2015
17
State and regional employment data from previous month. Source: BLS
